Table 4.Comparison of personal income in the National Income and Product Accounts with Adjusted Gross Income , for specified tax years, 1980-2002
Table 4.--Comparison of Personal Income in the National Income and
Product Accounts (NIPA) with Adjusted Gross Income (AGI), for
Specified Tax Years, 1980-2002
[All figures are estimates--money amounts are in billions of dollars]
Income and adjustment items 1980 1985
(1) (2)
Personal income (per NIPA) (1) 2,307.9 3,526.7
Less: Portion of personal income not included in
AGI 663.8 1,248.2
Nontaxable transfer payments 276.6 401.9
Employer contributions to employee pension
and insurance funds 185.2 281.5
Imputed income (2) 48.0 84.9
Investment income of life insurance carriers
and pension plans 80.0 204.2
Investment income received by nonprofit
institutions or retained by fiduciaries 19.7 37.5
Net differences in accounting treatment
(NIPA vs. IRS) 10.6 83.4
Other excluded or tax-exempt income 43.6 154.8
Plus: Portion of AGI not included in personal
income 186.3 353.1
Personal contributions for social insurance 77.2 133.6
Net gain from the sale of assets 29.7 69.8
Taxable pensions 68.2 145.0
Small business corporation income 0.7 6.3
Other types of income 10.4 -1.7
Equals: BEA-derived adjusted gross income 1,830.3 2,631.6
Adjusted gross income, IRS 1,613.7 2,306.0
Adjusted gross income (AGI) gap (3) 216.6 325.6
AGI gap as a percentage of
BEA-derived AGI 11.8 12.4
AGI of IRS as a percentage of
BEA-derived AGI 88.2 87.6
Income and adjustment items 1990 1995
(3) (4)
Personal income (per NIPA) (1) 4,878.6 6,152.3
Less: Portion of personal income not included in
AGI 1,669.9 2,234.2
Nontaxable transfer payments 551.2 797.5
Employer contributions to employee pension
and insurance funds 377.8 493.6
Imputed income (2) 114.1 186.7
Investment income of life insurance carriers
and pension plans 304.2 369.1
Investment income received by nonprofit
institutions or retained by fiduciaries 51.6 60.0
Net differences in accounting treatment
(NIPA vs. IRS) 110.4 83.8
Other excluded or tax-exempt income 160.6 243.4
Plus: Portion of AGI not included in personal
income 589.7 841.7
Personal contributions for social insurance 203.7 268.8
Net gain from the sale of assets 115.7 167.4
Taxable pensions 215.9 293.2
Small business corporation income 36.4 79.2
Other types of income 18.1 33.2
Equals: BEA-derived adjusted gross income 3,798.4 4,759.8
Adjusted gross income, IRS 3,405.4 4,189.4
Adjusted gross income (AGI) gap (3) 393.0 570.4
AGI gap as a percentage of
BEA-derived AGI 10.3 12.0
AGI of IRS as a percentage of
BEA-derived AGI 89.7 88.0
2000 2001
Income and adjustment items [r]
(5) (6)
Personal income (per NIPA) (1) 8,429.7 8,724.1
Less: Portion of personal income not included in
AGI 2,971.3 3,108.3
Nontaxable transfer payments 962.0 1,056.0
Employer contributions to employee pension
and insurance funds 609.9 642.7
Imputed income (2) 265.8 294.0
Investment income of life insurance carriers
and pension plans 497.3 445.5
Investment income received by nonprofit
institutions or retained by fiduciaries 75.6 70.6
Net differences in accounting treatment
(NIPA vs. IRS) 159.4 176.8
Other excluded or tax-exempt income 401.4 422.7
Plus: Portion of AGI not included in personal
income 1,667.1 1,389.2
Personal contributions for social insurance 359.2 374.5
Net gain from the sale of assets 645.4 324.6
Taxable pensions 414.2 435.8
Small business corporation income 128.2 130.6
Other types of income 120.0 123.6
Equals: BEA-derived adjusted gross income 7,125.4 7,005.0
Adjusted gross income, IRS 6,365.4 6,170.6
Adjusted gross income (AGI) gap (3) 760.1 834.4
AGI gap as a percentage of
BEA-derived AGI 10.7 11.9
AGI of IRS as a percentage of
BEA-derived AGI 89.3 88.1
Income and adjustment items 2002 [r]
(7)
Personal income (per NIPA) (1) 8,878.9
Less: Portion of personal income not included in
AGI 3,240.2
Nontaxable transfer payments 1,123.0
Employer contributions to employee pension
and insurance funds 729.6
Imputed income (2) 316.8
Investment income of life insurance carriers
and pension plans 407.1
Investment income received by nonprofit
institutions or retained by fiduciaries 65.6
Net differences in accounting treatment
(NIPA vs. IRS) 153.2
Other excluded or tax-exempt income 444.8
Plus: Portion of AGI not included in personal
income 1,356.0
Personal contributions for social insurance 384.7
Net gain from the sale of assets 236.4
Taxable pensions 465.6
Small business corporation income 153.3
Other types of income 116.0
Equals: BEA-derived adjusted gross income 6,994.6
Adjusted gross income, IRS 6,033.6
Adjusted gross income (AGI) gap (3) 961.1
AGI gap as a percentage of
BEA-derived AGI 13.7
AGI of IRS as a percentage of
BEA-derived AGI 86.3
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